Tax Rates

2016 Tax Brackets   This year's Federal income tax comprises 7 rate brackets: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%.  On April 15 the amount of tax owed depends upon filing status, income level, and other factors. Note: the money earned within a specific tax bracket is subject to that specific…

  Political party sentiment seems to invoke the past a lot, especially Reagan and the 1980s and Eisenhauer and the 1950s as the best of times. Well, let’s hearken back to the tax code of those eras to see if ideas implemented then actually worked thereafter.  Maybe we find a…